Startup’s mission to cut bulging solar ‘wastelines’ attracts Rs 5 crore in seed funding. A look at what it plans to do…

Beyond Renewables & Recycling, a climate-tech startup focused on sustainable and high-value solar panel recycling, has raised Rs 5 crore pre-seed funding led by Momentum Capital, a US-based venture capital fund, to build India’s first large-scale solar waste recycling ecosystem through its proprietary 95 percent recovery technology, and scale partnerships to tackle the country’s growing 1.2 million-tonne solar waste challenge.

The investment will accelerate the development of Beyond Renewables’ proprietary recycling technology, strengthen its waste supply chain, and scale operations to address India’s rapidly growing solar waste crisis.

Founded in 2024 by Manhar Dixit and Vedant Taneja, Beyond Renewables has validated its recycling process at lab scale, achieving high recovery and purity rates for materials such as silver and silicon.

This marks the company’s first external fundraise. Along with Momentum Capital, co-investors in the October 2025 round include Venture Catalysts, IIMA Ventures, Oorjan Cleantech, and Gautam Das, founder of Oorjan.

India’s rapid solar adoption is expected to generate nearly 1.2 million tonnes of solar PV waste by 2040, a number that could climb to 4.8 million tonnes under an early-loss scenario.

Much of this e-waste is currently handled by the informal sector, which often lacks the infrastructure to safely process hazardous materials, leading to low recovery rates and environmental damage.

Beyond Renewables addresses this gap through a proprietary, eco-effective recycling process that achieves over 95 percent recovery of high-value materials from end-of-life solar panels.

Using a combination of advanced thermal and chemical treatments, the company extracts aluminum, glass, silicon, copper, and precious metals such as silver with high purity, transforming hazardous waste into a valuable source of sustainably sourced minerals. “Beyond Renewables’ mission is perfectly aligned with our thesis of investing in companies that solve critical environmental challenges through deep-tech innovation,” said Ankur Shrivastava, Managing Partner at Momentum Capital.

“The solar waste problem is not a distant threat; it’s a present and rapidly escalating issue. The Beyond Renewables team, with their advanced technology and clear go-to-market strategy, is uniquely positioned to dominate this market, which is projected to grow rapidly by 2040 to a ₹20,000 crore market. We are thrilled to partner with them to build a circular economy for India’s solar industry,”  he added.

The company has developed a multi-channel waste sourcing strategy, partnering with asset developers, EPCs, manufacturers, and dismantlers to secure a consistent waste supply.

Its focus on eco-effective, high-value recycling differentiates it from existing players that often rely on less efficient mechanical extraction methods.

“With India’s solar installations reaching 127.33 GW and a growing panel manufacturing industry, we have a responsibility to ensure sustainability from cradle to grave,” said Manhar Dixit, CEO of Beyond Renewables & Recycling.

“This funding led by Momentum Capital is a massive vote of confidence in our technology and our vision. It will enable us to scale operations and provide a comprehensive, environmentally sound solution that turns waste into a national resource. We are not just recycling; we are creating a sustainable future,” he added.

After extensive research and validation, Beyond Renewables has begun commissioning its first industrial-scale facility in Rajasthan. With over 2,000 metric tonnes of solar waste already in the pipeline, the company is expanding partnerships with module manufacturers, EPC players, and asset owners to secure supply.

Supported by IIT Mandi Catalyst and NSRCEL, the startup is also strengthening its sales channels and has secured LOIs from buyers for recycled glass, silicon, and other materials.